Lawsuits

NASAA, PIABA and stock exchanges argue the demise of the self-regulator would leave an unfillable hole in securities regulation.

Legal experts think these challenges to the agency's constitutionality, virtually unthinkable a decade ago, now have a chance of success.

A well-known business owner and advocate for the elderly now stands accused of stealing $2.25 million.

Avantax's parent had sued two firms owned by its future buyer and one of its major branches prior to the agreement to go private in a billion-dollar acquisition.

Jonathan Vincent Glenn's admissions follow his $3 million settlement with the SEC over similar charges.

The Wall Street giant is seeking to enforce contract clauses meant to keep former employees from working for rival firms or reaching out to clients for six months.

Industry recruiters say offers of shares in advisory firms are hard to value.

The Wall Street giant's private bank contends it had advised the plaintiffs against concentrating their money in risky investments.

Perella Weinberg's self-reporting of violations led to a much smaller fine than those imposed on other firms.

Matthew Motil stands accused of raising more than $11 million by misleading investors about mortgage-backed promissory notes.

Genevieve Sisco alleges that men in the same role as her earned tens of thousands of dollars more in salary.

For at least seven years, the company has sought to recoup more than $5.4 million in taxes using an exemption the agency argues does not apply.

Regulators allege the CPA provided an air of legitimacy to John J. Woods' scam that defrauded 400 clients in 20 states.

The action in federal court alleges the exiting advisors received an incentive package worth as much as $70 million for joining RBC.

Other states are likely to look to Massachusetts for guidance on how far they can go in holding broker-dealers to a higher standard than Regulation Best Interest.

Mario Rivero pleaded guilty in February to swindling five clients out of more than $600,000.

Extra diligence on the advisor's end can help HNW clients avoid potentially disastrous lawsuits

James Tuminello argues in court documents that he only reached out to clients he formed with relationships before joining the large wirehouse.

Missouri requires brokers who recommend investing on environmental, governance or social principles to sign statements saying they "are not solely focused on maximizing" returns.

Popular online brokerage has paid $175 million to resolve recent actions by federal and state regulators.